I needed to buy my first investment and also needed a place to live.

I have a waiting list for tenants as my rentals are all where people actually want to live.

Fico while they will look these are not credit score driven loans like those buying rental houses or houses to live in...

Starting out, buy a shabby condo and live-in/flip it.

I live in Raleigh and can tell you that the 40% was not all apple. 

The buyers and renters in that area, due to the low income, won't have any other options in terms of where they can live.  

Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit. 

I live and invest in Milwaukee since 2007, so probably a little bias here, but we are set up very well for future growth. 

I wasn’t prepared to lose so much of my savings as carrying cost basically I paid for the tenants to live there for 3 months + my own living expenses in that time.

i self manage 1 property that i used to live in and have PMs on the rest.i'm trying to BRRRR so that i can recoup all or most of my capital on each deal that i buy, and in 2024 i got outbid on 100% of what i went after.